Explain why there is an increased of the reporting period and identify two ways in which this increased risk is controlled. Why may an auditor decide to perform tests of details on income statement accounts rather than relying on income statement accounts rather relying on analytical review? How can generalized software be used to assist in performing substantive procedures during the audit? What steps may be auditor perform in evaluating the reasonableness of accounting estimates? Why is the audit of related party transactions a particular risk area for auditors? Substantive procedures Listed below are fifteen substantive procedures: Select a sample of non-current assets and sight them. Review the income statement for unusual differences in the balances recorded for this year and last year. Select a sample of invoices and ensure that they have been properly recorded in the sales ledger. Review the company-prepared bank reconciliation. Trace the last inventory rece